https://www.taxtmi.com/caselaws?id=197803 Unearned increase on transfer of an industrial plot is calculated by reference to the market value on the date a complete application for permission to sell is submitted, rather than the later date on which permission is granted. Lease conditions requiring prior consent and recovery of a share of unearned increase must be applied consistently with the effective commencement date of the lease and applicable building-completion requirements. A completion notice may result in deemed approval where no refusal is issued within the prescribed period, with the completion certificate relating back to that notice. A public lessor cannot rely on its own delay to increase the payable unearned increase. en-us Tue, 05 May 1998 00:00:00 +0530 Tue, 16 Jan 2018 13:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197803 Unearned increase on transfer of an industrial plot is calculated by reference to the market value on the date a complete application for permission to sell is submitted, rather than the later date on which permission is granted. Lease conditions requiring prior consent and recovery of a share of unearned increase must be applied consistently with the effective commencement date of the lease and applicable building-completion requirements. A completion notice may result in deemed approval where no refusal is issued within the prescribed period, with the completion certificate relating back to that notice. A public lessor cannot rely on its own delay to increase the payable unearned increase. Case-Laws Companies Law Tue, 05 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197803